Triangle Elderly Housing Corporation

Mission

IN JUNE OF 2011, CARY CENTRAL ELDERLY HOUSING, SMITHFIELD ELDERLY HOUSING, PRINCETON ELDERLY HOUSING AND KENLY CENTRAL ELDERLY HOUSING WERE MERGED TO FORM TRIANGLE ELDERLY HOUSING CORPORATION (THE PROJECT). CONCURRENT WITH THIS MERGER, EACH PROJECT REFINANCED THEIR HUD SECTION 202 DIRECT LOAN WITH ONE HUD MORTGAGE INSURED UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 74 HUD-ASSISTED ELDERLY HOUSING UNITS IN EASTERN NORTH CAROLINA. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE PERSON 62 YEARS OF AGE OR OLDER. THE PROJECT'S MORTGAGE IS ITS MAJOR HUD PROGRAM. THE PROJECT'S SECTION 8 RENTAL ASSISTANCE CONTRACT IS ITS NON-MAJOR PROGRAM. FOR THE YEAR ENDED DECEMBER 31, 2024, RENTAL REVENUE FROM HUD TOTALED 386,580, REPRESENTING 56.48% OF TOTAL REVENUE.

SMITHFIELD NC | EIN: 27-2090858
Is this your nonprofit?
501(c)(3) organization
1363 W MARKET ST,
SMITHFIELD NC 27577-3340
URL not available
919-934-6066

Triangle Elderly Housing Corporation

Mission

IN JUNE OF 2011, CARY CENTRAL ELDERLY HOUSING, SMITHFIELD ELDERLY HOUSING, PRINCETON ELDERLY HOUSING AND KENLY CENTRAL ELDERLY HOUSING WERE MERGED TO FORM TRIANGLE ELDERLY HOUSING CORPORATION (THE PROJECT). CONCURRENT WITH THIS MERGER, EACH PROJECT REFINANCED THEIR HUD SECTION 202 DIRECT LOAN WITH ONE HUD MORTGAGE INSURED UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 74 HUD-ASSISTED ELDERLY HOUSING UNITS IN EASTERN NORTH CAROLINA. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE PERSON 62 YEARS OF AGE OR OLDER. THE PROJECT'S MORTGAGE IS ITS MAJOR HUD PROGRAM. THE PROJECT'S SECTION 8 RENTAL ASSISTANCE CONTRACT IS ITS NON-MAJOR PROGRAM. FOR THE YEAR ENDED DECEMBER 31, 2024, RENTAL REVENUE FROM HUD TOTALED 386,580, REPRESENTING 56.48% OF TOTAL REVENUE.

SMITHFIELD NC | EIN: 27-2090858
Is this your nonprofit?
501(c)(3) organization
1363 W MARKET ST,
SMITHFIELD NC 27577-3340
URL not available
919-934-6066

Beacon Report

  • Great
  • Good
  • Needs Improvement
  • Poor
  • Incomplete
  • Additional Information
Website Reported on Tax Form:No
SCORE0%

Disclosing the charity’s website promotes transparency and provides access to the public.

Source: Public data from IRS Form 990. Fiscal Year 2024.

Accountability Panel
ScoreMetric
0%
Website Reported on Tax Form:No

Disclosing the charity’s website promotes transparency and provides access to the public.

Source: Public data from IRS Form 990. Fiscal Year 2024.

100%
No Material Diversion of Assets:Yes
100%
Financial Statements:Yes
0%
Records Retention Policy:No
0%
Tax Form Disclosed on Website:No
Science behind the numbers(opens in new tab)